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Business & farm
I have a similar question. I have a 2 member "Domestic LLC". I have been filing From 1065 Federal and Form 165 for State income tax returns. I would like to convert the 2 member LLP to an LLC, so I don't have to go through the hassle of the tax returns and instead show the LLC income as pass through to 1040.
Do I still need to liquidate assets of the LLP and restart a new LLC or can I convert the current LLP to an LLC ?
I am in AZ, by the way
Thanks
Vishwa
May 6, 2020
11:40 PM